An anonymous director reports

SHERRITT PROVIDES UPDATE ON CALLING OF SHAREHOLDER MEETING

Sherritt International Corp. has provided an update on the court application brought by Kyma Capital Ltd. seeking to compel a shareholder meeting by the end of September, 2026. The Ontario Superior Court of Justice (commercial list) advised that it could not compel such a meeting within the time frame requested by Kyma.

In an endorsement issued today, the court addressed the press release issued by Kyma that suggested a shareholder meeting had already been called for the end of September, finding that no such meeting had been called. The court stated: "It has also come to my attention that the applicant [Kyma] has put out a press release suggesting that a shareholders meeting has already been called for the end of September. That is not, of course, true. The applicant has sought to do so, but it has not yet been called and, given the court's timetable, will not be called unless the respondent [Sherritt] agrees to do so on consent (which it has not). It is not to anybody's advantage to carry on the courtroom battle through press releases nor is the creation of confusion among shareholders helpful to the process. I accept that the release was an error and urge the applicant to issue an appropriate correction as soon as possible."

The company expects that an application by Kyma to have the corporation's combined annual and special meeting of shareholders held on a date earlier than the currently scheduled date of Dec. 15, 2026, will be heard in late September. Sherritt remains focused on navigating the significant challenges currently facing the corporation and urges stakeholders to exercise caution regarding any statements made by third parties. The corporation will continue to provide factual updates as developments warrant.

About Sherritt International Corp.

Sherritt is a world leader in using hydrometallurgical processes to mine and refine nickel and cobalt -- metals deemed critical for the energy transition. Leveraging its technical expertise and decades of experience in critical mineral processing, Sherritt is committed to expanding domestic refining capacity and reducing reliance on foreign sources. The corporation operates a strategically important refinery in Alberta, Canada, recognized as the only significant cobalt refinery and one of just three nickel refineries in North America.

Sherritt's common shares are listed on the Toronto Stock Exchange under the symbol S.

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